Asset Underwriter
About The Position
Ascent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Ascent is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies. The Asset Underwriter’s primary focus is on the asset-level risk analysis of a transaction. This role is best suited for a candidate who has a detailed understanding of the “transactional” process of purchasing and refinancing a property. A deep familiarity of underwriting fundamentals and ability to underwrite the viability and profitability of a real estate project and loan structure is required for this position. Also, the Asset Underwriter should have familiarity with financial review of sponsor financial documentation inclusive of liquidity statements and capital stack review.
Requirements
- Bachelor’s Degree.
- Minimum 3+ years in Commercial Real Estate banking or private real estate lending, in the form of underwriting, credit analysis or related experience.
- Experience in fix & flip or construction lending is required.
- Knowledge of real estate lending and loan structuring.
- Familiarity with real estate markets, valuation methodologies, and investor exit strategies.
- Proficiency in Excel and pipeline management tools.
Nice To Haves
- Experience with residential construction budgets, cost review, and timeline feasibility a plus.
Responsibilities
- Manage your own pipeline in an efficient manner given various funding dates and SLA’s.
- Review loans with a variety of program types, property types and loan structures.
- Confirm eligibility against program guidelines and risk thresholds.
- Collaborate with Sales, Valuations, Construction, and Operations to collect and verify necessary due diligence documentation.
- Ensure compliance with credit policy, asset-level guidelines, and investor requirements.
- Input and/or validate underwriting information in the LOS or other systems.
- Review and approve key documents related to the transaction: Title Reports, Contracts, Escrow documents, Appraisal, etc.
- Analyze renovation budgets and ensure alignment with market comps and borrower exit strategy.
- Participate in pipeline meetings and provide underwriting insight to expedite processing and approvals.
- Assessment of collateral value, scope of work, exit strategy, and local market dynamics to identify any red flags.
- Perform Borrower level underwriting as needed, including but not limited to SCAD’s, CAD’s, or Sponsor underwrites.
Benefits
- We offer a comprehensive benefits package designed to support your health, well-being, and work-life balance. Our benefits include five health plans, two dental plans, health savings and flexible spending accounts, vision coverage, a 401(k) plan, and other optional benefits from which to choose.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
51-100 employees
